Mega-cap stocks (with a market cap of over $200 billion) like Tesla, Amazon, and Meta Platforms once delivered multi-fold gains. However, as the tide turned in 2022 (interest rates continued to rise amid high inflation), these
mega caps lost their sheen and eroded shareholders’ wealth. We bring to you a list of 10 such mega-cap stocks that bit the dust in 2022. Also, we’ll use
TipRanks’ data to ascertain what 2023 holds for these companies.
The graph below shows the drop in 10 mega-cap stocks in 2022.
Is Tesla stock a Buy, Sell, or Hold?
With a decline of over 65%, Tesla's
(
NASDAQ:TSLA
) stock is the biggest loser in this list. It currently has a market cap of $388.97 billion and commands a Moderate Buy consensus rating on TipRanks. TSLA stock has
a positive signal from hedge funds. Moreover,
retail investors holding portfolios on TipRanks and bloggers are also optimistic about the stock. However, TSLA stock has a Neutral Smart Score of seven out of 10 on TipRanks.
What Is the Prediction for Meta Platforms?
Meta (
NASDAQ:META
) isn’t far behind Tesla stock in terms of decline. Shares of this social media giant fell 64.2% in 2022. It currently has a market cap of $319.89 billion and carries a Moderate Buy consensus rating on TipRanks. However, hedge funds
sold 3.9M META stock last quarter. Meanwhile,
insiders sold META stock worth $2.6M. META stock has an Underperform Smart Score of two.
Is Nvidia a Buy or Hold?
Shares of chip giant Nvidia (
NASDAQ:NVDA
) dropped 50.3% in 2022. However, Wall Street is bullish about its prospects. It has a Strong Buy consensus rating on TipRanks. Also, it has received the
maximum number of Buy recommendations from
top analysts in the last three months. Our data shows that hedge funds and retail investors are optimistic about NVDA stock. Further, NVDA stock has a
“Perfect 10” Smart Score on TipRanks. (
Stay abreast of the
best that TipRanks’ Smart Score
has to offer.)
Is Amazon Stock Expected to Rise?
Top Wall Street analysts are cheering for Amazon's (
NASDAQ:AMZN
) stock, implying they expect the stock to rise in the future. It has lost 49.6% of its value in 2022 but has a Strong Buy consensus rating on TipRanks. Meanwhile, hedge funds have
bought 26.3M AMZN stock in the last three months, which shows their confidence. Furthermore, the crowd wisdom is also positive on AMZN stock. It sports a
“Perfect 10” Smart Score on TipRanks, implying it is poised to outperform the benchmark index.
Is GOOGL a Good Stock to Buy?
GOOGL stock dropped over 39% in 2022. However, GOOGL stock has received unanimous Buy recommendations from analysts and carries a Strong Buy consensus rating on TipRanks. News and blogger sentiment are also positive for GOOGL stock. Meanwhile,
hedge funds bought 129.4M GOOGL stock last quarter. Overall, shares of Alphabet have a “
Perfect 10” Smart Score on TipRanks.
Is MSFT a Long-Term Buy?
Microsoft's (
NASDAQ:MSFT
) stock declined by 28% in 2022. However, Wall Street sees this decline as an opportunity for long-term investors to invest. Microsoft stock has a Strong Buy consensus rating on TipRanks. Meanwhile,
hedge funds bought 33.2M MSFT stock last quarter. However, insiders sold MSFT stock worth $6.1M in three months. MSFT stock has a "
Perfect 10” Smart Score.
Is Apple a Buy or Sell?
With a market cap of over $2 trillion, Apple (
NASDAQ:AAPL
) is the largest American corporation. AAPL stock dropped 26.4% in 2022. However, Street is bullish about its prospects as it carries a Strong Buy consensus rating on TipRanks. Our data shows
insiders sold AAPL stock worth $30.4M in the last three months. However,
hedge funds bought 671.9K Apple stock. It has a Neutral Smart Score of six on TipRanks.
Will TMO Stock Go Up?
Shares of healthcare-focused company Thermo Fisher Scientific (
NYSE:TMO
) are down about 17.3% in 2022. However, analysts maintain a Strong Buy consensus rating on TMO stock and expect its stock to go up. However, hedge funds decreased their holdings in TMO stock and
sold 197.6K shares in three months. Meanwhile, it has a Neutral Smart Score of five on TipRanks.
What’s the Prediction for AVGO Stock?
Shares of the leading semiconductor company, Broadcom (
NASDAQ:AVGO
) registered a decline of 13.3% in 2022. However, analysts have a Strong Buy consensus rating on AVGO stock. Meanwhile,
hedge funds increased their AVGO stock hol
d
ings by purchasing 102.3K shares last quarter. Blogger sentiment also remains positive on AVGO stock. AVGO stock has a "
Perfect 10” Smart Score.
Is JPM a Buy Today?
Shares of the financial services giant JPMorgan Chase & Co. (
NYSE:JPM
) fell 12.6% in 2022. Meanwhile, it carries a Moderate Buy consensus rating on TipRanks. Hedge funds
sold 778.4K JPM stock last quarter. Meanwhile, given the economic uncertainty, JPM stock has a
Neutral Smart Score of six on TipRanks.
Bottom Line
These mega-cap stocks have lost significant value, creating a buying opportunity for investors. Using TipRanks’
Stock Comparison tool, below is a summary of how these companies stack up on our datasets.
According to our data, MSFT, GOOGL, AMZN, NVDA, and AVGO have a Strong Buy consensus rating on TipRanks. Also, these stocks have a “Perfect 10” Smart Score, implying these stocks are expected to outperform the broader markets.
Meanwhile, Tesla has a Neutral Smart Score, and analysts are cautiously optimistic about its prospects despite the considerable decline in its price. Besides for TSLA, analysts are also cautiously optimistic about META and JPM stock. However, META has an Underperform Smart Score.
Disclosure
Walmart (NYSE: WMT) and Target (NYSE: TGT) have a theft problem. In recent months, the big box retailers have been complaining about an increase in "shrinkage," a retail industry term for when in-store stock is lower than what's accounted for in the books. In other words, people
In today's video, Jose Najarro and Nick Rossolillo explore the exciting predictions made by Nvidia (NASDAQ: NVDA) AI experts for 2023. From advancements in healthcare and transportation to the integration of AI into everyday devices, these experts have a lot to say about the futu
During the 2008 recession, the gaming industry was often described as a bright spot in the economy and even recession-proof as companies like Nintendo (OTC: NTDOY) continued to sell millions of consoles and games. However, the introduction of microtransactions and considerable pr
A dreaded cyclical downturn for the chip industry is here. Specifically, consumers are slamming the brakes on the purchase of new PCs and smartphones, which has hit Nvidia's (NASDAQ: NVDA) empire built on the GPU (graphics processing unit) especially hard. During the last quarter
Investors did not have a fun year in 2022. But few struggled more than Cathie Wood and her company Ark Invest, which oversees a number of exchange-traded funds (ETFs) highly focused on the growth, tech, and crypto sectors.
Nvidia (NVDA) closed the most recent trading day at $146.14, moving +0.08% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
U.S. stocks ended the final trading session of 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
U.S. stocks fell on Friday as growth shares dipped in the final trading session of a year marked by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
After a scorching-hot run, semiconductor stocks cooled off in 2022, impacting many portfolios. SOXX, the iShares Semiconductor ETF, is down more than 30% year-to-date, widely underperforming compared to the S&P 500.
Most investors will be happy to turn the page on 2022 and get a fresh start in 2023, and I count myself among that group. I don't know how the economy will fare in 2023, or what geopolitical events may surface, so I don't know if the market will remain in "risk off" mode or retur
Nvidia (NASDAQ: NVDA) stock has gained some ground on the stock market of late, gaining more than 15% in the past three months and outpacing the S&P 500's gains of just 5%, in what may seem like a surprising rally given the terrible situation the company's gaming business is
It won’t be wrong to call 2022 a bad year for equity investors. The slump in the prices of several top stocks eroded investors’ wealth. However, this decline has also created an excellent buying opportunity. With several stocks trading at a significant discount, choosing the right stock becomes difficult. Leveraging
TipRanks’ Experts Center, we have zeroed in on five stocks that have received the maximum number of Buy recommendations (in the last three months) from the
top Wall Street analysts.
The data below shows that semiconductor and tech giant Nvidia (
NASDAQ:NVDA
) has received the maximum number of Buy ratings (20 Buys) from five-star analysts in the last three months. NVDA stock is followed by its semiconductor peers, Marvell Technology (
NASDAQ:MRVL
) and Advanced Micro Devices (
NASDAQ:AMD
).
Shares of the beaten-down social media giant Meta Platforms (
NASDAQ:META
) stock has received 17 Buy recommendations from five-star analysts. Meanwhile, e-commerce leader Amazon (
NASDAQ:AMZN
) has received 16 Buys during the same period.
Against this background, let’s examine why these five-star analysts are bullish about these stocks.
Is NVDA Stock a Buy or Sell?
The slowdown in the end market, demand uncertainty, and inventory issues weighed on NVDA stock, which is down over 52% year-to-date. However, five-star analyst
Matt Ramsay of Cowen & Co. stated that NVDA’s problems are a thing of the past. Citing NVDA’s solid fundamentals and technological moats, Ramsay reiterates his buy recommendation on the stock. He raised the price target to $220 from $200, implying a 56.74% upside potential based on its closing price of $140.36 on December 28.
What’s the Prediction for MRVL Stock?
Industry-wide inventory corrections and weaker-than-expected January quarter guidance dragged MRVL stock down. This has led five-star analyst
Harsh Kumar from Piper Sandler to lower his price target from $80 to $55. However, Kumar maintained his bullish stance and recommended a Buy on MRVL stock. The analyst also highlighted the strength of the U.S. cloud segment.
Is AMD a Buy, Sell, or Hold?
According to five-star analyst
Chris Caso from Credit Suisse, AMD is a Buy. The analyst assumed coverage of AMD stock with a Buy recommendation and expects the company to benefit from growing market share gains in the server market and strength in the cloud market.
What Is the Price Target for Meta Stock?
Increased competition, a slowdown in ad spending amid macro headwinds, and regulatory challenges weighed on Meta Platforms' stock. However, five-star analyst
Brian White from Monness recommends a Buy on META stock with a price target of $150, implying 29.74% upside potential based on its closing price on December 28. White expects META to face challenges in the short term but expects it to benefit from the “secular digital ad trend and innovate in the metaverse” in the long term.
Is AMZN Stock a Buy or Sell?
Amazon's stock is trading close to its 52-week low of $81.69, reflecting a slowdown in its growth and increased cost pressure. Five-star analyst
Doug Anmuth from J.P. Morgan expects macro headwinds to continue to impact its consumer and cloud businesses. He maintains a buy rating on AMZN stock and expects it to benefit from the long-term shift toward online and cloud computing. Anmuth also cited AMZN's low valuation as a reason for his bullish outlook.
Ending Thoughts
These five-star analysts have generated significant returns from their recommendations in the past and have a high success rate. Investors could follow their views to make informed investment decisions and maximize their returns.
Meanwhile, using TipRanks’
stock comparison tool, let’s find out how these five stocks stack up against each other.
The tool shows that NVDA, MRVL, and AMZN have a Strong Buy consensus rating and an Outperform Smart Score on TipRanks. (
Stay abreast of the
best that TipRanks’ Smart Score
has to offer.)
Meanwhile, AMZN stock has the highest upside potential (based on its average price target) among these five stocks.
Special end-of-year offer: Access TipRanks Premium tools for an all-time low price!
Click to learn more
.
Disclosure
Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island.
Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island.
Nvidia (NVDA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.